Lloyds to launch robo-advice for clients investing less than £100k

Pedro Gonçalves
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Lloyds to launch robo-advice for clients investing less than £100k

Lloyds plans to launch a mass market robo-advice offering for clients with assets under £100,000 by 2020. It provides a home for customers who do not have the £100,000 or more to invest that is required to be channeled into Schroders Wealth Management. Lloyds have tagged those clients as mass affluent, while high net worth clients, with more than £1m to invest, will be introduced to Cazenove. Antonio Lorenzo, Lloyds group director for insurance and wealth, made the announcement during t...

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